Investors Buy Large Volume of Kohl’s Call Options (NYSE:KSS)

Kohl’s Co. (NYSE:KSS) was the recipient of unusually large options trading on Friday. Traders purchased 36,344 call options on the stock. This represents an increase of approximately 44% compared to the average volume of 25,256 call options.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KSS. Vanguard Group Inc. lifted its stake in Kohl’s by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock worth $361,127,000 after purchasing an additional 1,775,024 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Kohl’s by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after purchasing an additional 52,126 shares in the last quarter. American Century Companies Inc. lifted its stake in Kohl’s by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after purchasing an additional 643,913 shares in the last quarter. AQR Capital Management LLC lifted its stake in Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after purchasing an additional 1,694,162 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Kohl’s by 6,076.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after purchasing an additional 1,804,809 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley cut Kohl’s to an “underweight” rating and reduced their target price for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a research note on Wednesday, August 28th. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $25.00 to $21.00 in a research note on Friday, August 30th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Finally, Robert W. Baird reduced their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.29.

Kohl’s Trading Up 3.8 %

NYSE:KSS opened at $20.80 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. Kohl’s has a 12 month low of $17.89 and a 12 month high of $29.60. The company has a market cap of $2.31 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93. The company has a 50 day simple moving average of $19.65 and a two-hundred day simple moving average of $21.94.

Kohl’s (NYSE:KSS) last posted its earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s revenue was down 4.2% on a year-over-year basis. Research analysts forecast that Kohl’s will post 1.8 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date was Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is 80.65%.

Kohl’s Company Profile

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.